No Down Payment?  No problem! New RRSP Loan Program for 1st Time Home Buyers Hoping to take advantage of the buyers market this spring but falling short on down payment funds? Traditional borrowed down payment options can be tough to qualify for and expensive. You’ve got to have perfect credit and be prepared to pay […]

During most of the last 28 years, choosing a 5-year variable at any random date would lead to lower interest costs for the following five years. The thing to understand is the last 28 years we have been in the greatest bull bond market in the history of the world, that means the greatest interest rate decline […]

Happy New Year to all of my favourite Mortgagors! It is the time of year for reflection, resolutions and goal setting. Financial goals are top of the list for many and it is a great time to do a  mortgage check-up. Consider this your Mortgage Prepayment Pep Talk! Some of you will receive a bonus […]

Current home owners can still purchase a new owner occupied property with as little as 5% down. This 5% down payment can be gifted, saved or even borrowed if the applicant is strong enough, subject to insurer approval. This is a great option for home buyers who are struggling to sell their homes, or who, […]

I often meet with young ambitious individuals who are wanting to put a plan in place to get their foot in the door of the real estate market. It is common for these clients who are just starting out to have minimal or no credit ratings and often they are still working on saving up […]

One key component in your mortgage application is your credit rating.  Credit Scores are a 3 digit number ranging from 300-900, 300 being poor and 900  perfect – and almost impossible to attain.  Creditors will report your loans, lines of credit, credit cards, car loans, student loans and mortgage loan details to the credit bureaus […]

1.        Paperwork Prowess Real Estate transactions are document heavy. They involve contracts, disclosures, waivers and more initials and signatures than you care to imagine. Let a Realtor tackle the paperwork for you. They are familiar with the documentation and terms used which can be an enormous help and can also save you from costly mistakes […]

Every so often I have a client who does not qualify for a standard mortgage and will look at a rent to own as a potential option. Though I only have limited involvement in these transactions until the very end, I do try to educate my clients on the process and potential risks involved so […]

HOW MANY ACRES ARE YOU PURCHASING?  For conventional mortgages,  lenders will finance a certain number of acres, a house & a garage. The number of acres that they will consider can vary based on the property location and the norm for that area. The minimum down payment can also vary based on the size and location […]

    It is true that 100% financing is no longer available however CMHC still allows for buyers to purchase a home with a borrowed down payment. This means I can assist buyers in securing a loan or credit line to cover the 5% minimum down payment and they can potentially buy a home with minimal […]